Global Pharmaceutical Packaging Market Outlook 2019-2030
- Author Name : IMR
- Publish Date : January 6, 2021
Global Pharmaceutical Packaging market to surge at XX% CAGR, Increasing demand for Pharmaceutical packaging from end users will propel growth, says Index Markets Research.
Index Markets Research has released a report titled “Pharmaceutical packaging market- Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030” which is anticipated to reach USD XX Billion by 2030. According to a study by Index Markets Research, the market is anticipated to portray a CAGR of XX% between 2020 and 2030. According to the report, in line with the growth of numerous end users of Pharmaceutical packaging throughout the world, the demand is expected to rise. Due to continuous rising demography, rising disposable income in developing economies especially of Asian countries is expected to create a demand from end user in the market. Moreover, rising emphasis of medical sectors towards increased life expectancy is expected to fuel the market growth. Strict government policies and a drive towards usage of biodegradable and recyclable material has been the major reason for the rising demand of pharmaceutical packaging market.
The market report on Pharmaceutical packaging includes in-depth insights as:
• The estimated value of the market was USD XX Billion in the year 2019.
• Region wise, North America was the largest market accounting for XX% of total market volume share in 2019
• Based on product packaging, the Primary segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
• Based on end user industry vertical, pharmaceutical manufacturing accounted for XX% of the global volume in 2019 and is anticipated to grow at a highest CAGR.
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.
Pharmaceutical packaging can be described as packaging products manufactured using medicinal-compatible materials to secure, identify and ensure the quality of the medicinal products contained within. They are made to protect the temperature and light sensitive drugs for external environmental condition. The stored product can be protected from physical damage, chemical transaction, biological effects and climate hazards using primary or secondary packaging. The key product section covers medical and drug products and equipments like tubes, blisters and accessories, caps and medical gloves, pre-filled syringes, containers, strip packing, pre-filled inhalers, vials, ampoules, jars & canisters and cartridges.
Key Players in the Market:
Some of the key players operating in the global Pharmaceutical packaging market are: Amcor plc, AptarGroup Inc., Dickinson and Company, Berry Global Inc., International Paper Company, Vetter Pharma International, Becton, West Pharmaceutical Services Inc., WestRock Company, CCL Industries Inc., schott AG, Comar LLC, Gerresheimer AG and Other prominent players
Get Valuable Insights into Pharmaceutical packaging Market
In the new report, Index Markets Research thrives to present an unbiased analysis of the global Pharmaceutical packaging market that covers the historical demand data as well as the forecast figures for the period, i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by product packaging into: Primary, secondary, and tertiary, by end user vertical into: retail pharmacy, institutional pharmacy, pharmaceutical manufacturing, contract packaging, and others.
About Index Markets Research
Index Markets Research is a leading management consulting, advisory and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & Compliance, environmental consulting, software consulting and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
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